2023-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON CHARITY NUMBER 1134799 REPORT AND ACCOUNTS YEAR TO 31ST DECEMBER 2023 Contents Page No. Legal And Administrative Information Parochial Church Council Report Independent Examinerfs Report Stslement Of Financial Activibes Balance Sheet Noles To The Accounts 7-13 M. A. EDWARDS ACCOUNTANTS LIMITED CHARTEREO ACCOUNTANTS. 26, THE GREEN, KINGS NORTON. BIRMINGHAM, B38 8SD

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR TO 31ST DECEMBER 2023 istralion The Parochial Church Council of the Ecclesiastica5 Parish of St Nicolas. Kings Norton was formed in 1974 by Order in Council and comprises the churches of St. Nscolas, Immanuel. and Hawkesley. The governing body is tre Kings Norton Parochial Church Council. The governing document is the onstitution, which was agreed at the Annual Parochial meetin9 in 2000. They registered with the Charity Commission for England and Wales on 10th March 201 O. They are also known as Kings Norton Team Ministy, Kings Norton Parssh Church, Kings Norton P.C.C., and K.N.P.C.C. Parish Office Saint Nicolas Place, 81, The Green. Kings Norton, Birmingham. B38 8RU Telephone Number 0121458 3289 Email [e-mail] Website ¥wfvw.kingsnorton.org.uk Ch rch St. Nicolas The Gi&#n, Kings Norton, Biimingham. B38 8RU Immanuel St. Nicolas Pl8¢e, 81, The Green, Kings Norton, Birmingham, B38 8RU Hawkesley 376. Shannon Road, Hawkesley. Birmingham. B38 9TR Diocese Investment Custodians The Dtocese of Birmingham 1.Colmore Row. Birmingham, B3 2BJ CCLA Investment Management Limited, The CBF Church of England Funds. 80. Cheapside, London, EC2V 6DZ Ind ent Ex min nk M. A. Edwards Accountsnts Limited, Chartered Accountants, 26, The Green. Kings Norton, Birmingham, B38 8SD. Lloyds Bank PIG, 798, Bristol Road South. Northfield, Birmingham. B312NP.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR TO 31ST DECEMBER 2023 The P8rochial Church Counal of the Ecclesiastical Parish of St Nicolas, Kings Norton present their report and financial siatements for the year to 31st December 2023. ec ives of th8 Parochial Church Councll al Co-operation with the incumbent in promoting in the parish the whole mission of the Church. pastoral, evangelisliG, soGial and ecutnenical", bl The consideration and discussions of matters concerning the Church of England or any other matters ol religious or public interest, but not the declaration o( the doctrine of the Church on any quesliDn'. cl Making known and putting into effect any provision made by the Dlocesan S￿0d. but wllhoul prejudice lo the powers of the Council on any matter.. dl GI￿ng advl¢e to the Dlocesan Synod on any matter referred to the Council- el Raising such matters as the Council consider appropriate w¢th the Diocesan Synod.. I Church Council Members The Parochial Church Council members. who are all members of the church, who served during the year, We￿ as follows =. Rev. L. Wright (Rector) J. Hill Ichurchwardenl Rev. E. Ikechukwu (Left May 2023} S. Hartley (Left May 20231 Rev. D. Booker K. Knapp RÈV. J. Crooks O. Chadderton P. Weaver S. Fox S. Hill P. Pordelkhaki D. Ash C. Sweet F. Fearon A. Wright (Dloesan S￿0d) R. Howman N. Moorcroft (Lefi May 20231 P. Hay IChur¢hwardenl J. Clarke (Warden Hawkesleyl E. Chan C. Gadd (Left May 20231 L. Power (Left May 20231 M. Sandilands A.DickeT$ D. Badger Parochial Church Council Memb8rs Ras onsibilitrès The law appliCa￿e to charities in England and Wale5, rÈquires the Parochial Church Council members to prepare financial statements for each financial year. These give a true and fair view of the state ol the affairs of the church's financial activities during the year. anil of ils financial posillon at the end of the year. In preparing those financial ststements. the PaI￿h•al Church Council members are required to". $8leet suitablè 8ccounlng wlides and apply them consistently- make judgements and estimates that are reasonable and prudent. slate whether applicable accounting standards and statemenis of Tecommended Practice have been followed, subject lo any materi81 departures disclosed and explained In the financial statements., prepare the financial statements on the going concern basis unless st is inappropriate to presurne that the church wll continue in operation. The Parochial Church Council members are responsible for keeping accounting record5 which disclose with reasonable accuraw at any ts.me the financial positlon of the church and to enable them to ensure that the financial statements com with the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS. KINGS NORTON PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR TO 31ST DECEMBER 2023 Ind8 endgnt Examiner A ￿SolUtion proposing the reappoinlmenl of M. A. Edwards Accountants Limited as independent examiner will be put to the Annual Parochial Church Meeting. Or anisation of the Church The Parochial Church Council is led by the Incurnbenvchurchwardens and comprises 12 lay people who are elected al the Annual Parochial Church Nleeting. There are also 14 ex officio rnembers. Reserves Poli The Parochial Church Council have decided that the unrestricted funds not commilted or representing tangible fixed assets (free reserves) held by the church should be at least 3 months of expenditure. It is considered necessary lo have these reserves to keèp the church running in the event of a future reduction in funding. Risk Review The Parochial Church Council have re￿eWed the risks facing the church. Sl. Nwlas Place continues to require subsidy from thè ChLJrch and no provision is possible for its long tem upkeep. St Nicolas Church 8s b rèsult is unable to m8k8 ils full contribution to the Diocesan common Fund, a position of concern to us and the Diocese. The Parish Church ol st NiGolas is requiring major repairs and updates which are b8comin9 Glitical e.g th8 spir8, th8 navg ioof and the continued suspension of bell ringing. The senior church members will CDntinue lo seek future sources of funding lo guard against a significant reduction in funding in the fulure. Public Benefit Statement When planning our activities for the year, the incumbent and Kings Norton P.C.C. have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of ieligion. This report Was approved by the Parochial Church Gouncil on and slgned on Its behalf by Rev. L. Wright- Rector J. Hlll-c urchwarden ay- Churchwarden

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON Independent examiner's report to the members of thè Parochial Church Council of thé Eecle5iastical Parish of St Nicolas, Kings Norton for thè year ènded 31st December 2023. I report on the financial statements of the Parochial Church Council of the E¢deslastiral Parish of Saint Nicolas, Kings Norton for the year @ndfjd 31st December 2023. which are sel out on pages 5 to 13. Res ective res onsibililies of Executive Commi members and examiner The Parochial Church Council is responsible for the preparation of the a¢counts. They consider that an audit is not required lor this year under section 144 of the Charities Act 2011 and that an independent examination Is needed. It is my responsibility lo-. Examine the accounts under section 145 of the Charities Act 2011., To follow procedures laid down in the general directions giv&n by the Charity Commissioners under section 14515llbl of the Charities Act 2011,. and To slate whether particular rnatters have comè to my attention. 8asis of inde endent examinevs r ort My examination was carried out in accordance wlh the general directions given by the Charity Commission. An ÈxaFvTrinalion inoludes a review of the accounting records kept by the Parochial Church Council and a comparison of the accounts presented with those rècords. 112150 includes consideration of any unusual items or dis¢losures in the ac¢ounts, and seeking explanations from the Parochial Church Council concerning any such matters. The pra￿dur&S Ljndertaken do not providè all the evidence that would be requir6d in an audit, and consequently no opinion is given as to whethèr the accounts present a "true and fairf, view and the report is limited to those matters sel out in the stalemenl below. Inde endent examinerfs statement In connection with my examination, no mètter has come lo my attenlion.'_ Which gives ma reasonable cause to believ& that in any material rèspeot the requirements.. To keep accounting records in accordance with seetion 130 of th8 Charities Act 2011,. and To prepare accounts which accord with the accounting records and comply wlh the accounting requirement5 of the Charities Act 2011.. Have not been mel,. cjr 2. To which, in my opinion, attention should be drawn in order to enable a proper underslènding of the accounts to be reached. M.A. Edwards For and on behalf of -. M. A. Edwards Accountants Limited, Chartered Accounlanls, 26. The Green, Kings Norton, Birmingham. B38 8SD.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2023 2023 2022 Note5 Unrestricted Reslricled Endowment Funds Funds Funds Total Total Incomin Resources Incoming resources from generated funds Voluntary incom Activities for generating funds Investment income 90,725 90,725 111,874 50 1,869 2,905 2.905 93.630 93.630 113,793 Incoming resources trom charitable aclpiities 158.893 158,893 192,951 Total In¢0￿1ng Tgsources 252.523 252,523 306,744 Resources Ex nded Charitable activities Governance costs 265,124 750 265,124 750 291,103 750 Toial resources expended 265,874 265,874 291,853 Net incoming resources before other recognised gains and losses 113.3511 113.3511 14,891 GainllLossl on investment assets 4.516 4.516 110,9441 Net movement in funds 113,3511 4,516 18,8351 3,947 Transfers between funds Accumulated funds blf 215.995 59.117 43.419 318,531 314,584 Accumulated funds clf 9-12 202,644 59,117 47.935 309.696 318,531 There were no recognlsed galns or losses ex¢epl as shown above. The notes on pages 7-13 form part of these accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS. KINGS NORTON BALANCE SHEET AS AT 31ST DECEMBER 2023 Fixed Assets Notes 2023 2022 Tangibles Investments 78,400 47,935 79,025 43,419 Current A sets Cash at bank and in hand Debtors 56,019 136,199 133,951 67,374 192,218 201,325 Less Creditors- amovnls falling due within one year 8,857 5,238 Nel Currant Assets 183.361 196,087 Net As5eis 309,696 318,531 Reserves Unrestrictèd funds Restricted funds Endowment funds 10 202,644 59.117 47,935 215.995 59.117 43,419 Total church funds 12 309.696 318.531 The notes on pages 7-13 form part of these accounts. These fin8nci81 statements were approved by the Paroohial Church Council on and signed on its behalf by. Rev. L. Wright- Rector hurchwarden y- Churehwarden

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 ACCOUNTING POLICIES ven ion The financial statements are prepared und8r the histgrical cost ¢onvontion. as modifi8d by fixed asset invèstments bèing included at market value. and in accordance with the Charities Act 2011. They also follow the recommendations in Accounbng and Reporting by Charities.. Staternenl of Recommended Practice FRS 102 issued in Jantjary 2015 and the Church Accounting Regulations issued in July 2006. Incomin Resources Voluntary income is received by way ol donalions and gifts and is induded in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable, and the church has fulfilled all condrtions for its receipt. Investment income is included when il is receivable. Out oin Reso*Jrces Resources expended are recognised in the year in which they are incurred. Resources expended include altributable VAT which cannot be recovered. Governance costs are the costs of meeting constitutional and statulory requirements. Stocks are stationery and goods for resale. whrch are valued 81 the lower of cost and nel reali5able value. The Unrestricied fund are incorning resources which are used for the objects of the church, without any specified purpose or further restriction. Restricted funds can only be used for the specific purposes as decided by the donor, within the objects ol Ihe church. Designated funds are unrestricted funds, which have been earmarked by the Parochial Church Council for particular purposes. Endo>wrnenl funds are special restricted funds, whieh cannot be spent. but must be invested and any income frtsm them spènt on specific purposes as decided by the donor. Flxed assets Freehold properties atè statÈd in the balance sheet al eost or valuation. Depreciation is prtsvided so as to write off the cost of the assets in equal instalments over Ihe estimated useful lives of the assels. The depreciation rates used are =_ Freehold land Freehold buildings Equipment 1010 per annum. Assets are fully depreciated. Investments Investments are stated at market value. Realised and unrealised gains or losses are included in the Statement Of Financial Activilies.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 INCOMING RESOURCES 2023 2022 Volunta incomin reso rces Other grants Planned giving Income tax ￿COvered Collections at Ser0￿e$ Gift days and donations 6,672 53,887 13,398 348 37,569 53,822 12,417 367 24.119 90,725 111,874 Aclimliès for en funds Fund raising 50 50 Inv tment income Ineome on listed Fnvestments Interest on deposit accounts 1.953 952 1,264 605 2,905 1,869 Incotllin resourc s from charitable activities Bookstall Income froTn buildings Fees lor special services Insurance claims 4,158 86,537 66,410 1,788 5,061 79,114 86,776 22,000 158,893 192,951 Total incoming resources 252.523 306.744 TOTAL RESOURCES EXPENDED No further an8lysis is necessary, as the church only has one actwity. For analysis of expenditure See note 13.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 TG ING RESOURCES 2023 2022 This is slated after charging Depreciation Independent examiner's r&mtsnèration Salaries Social security Average number of 8rnployees Council rnembers, expenses Council members, remuneration 625 1,440 69,398 7,593 625 1,440 64,534 7,040 No employee received rnore than £60,OOD and no pension contributions were paid, and ihere were no related party transaclions. TANGIBLE FIXED ASSET For charitable use Freehold Land and Buildings Cost or valuation Equipment Total Balance blf Additions Disposals Balance clf 90.0 8,508 98,508 90,000 8,508 98,508 Accumulated de Balance blf Charge for the year Disposals Balance clf Nel book value blf Net bDok value cll reGialK)n 10,975 625 8,S08 19,483 625 11,600 79,025 78,400 8.508 20.108 79,025 78.400 The P.C.C. has three churches in use, St. Nicolas, Immanuel and Hawkesley. Immanuel Church fomierfy met at St. Nicolas Place, but is now part of Sl. Nicolas Ghurch. Sl. Nicolas Place is used by the parish office, as well as for Meeting roorns and storage. For a fvrfelve month period the value of this bgnefil to the church has bèèn approxitnated at £10.000. Hawkesley Church meets at Hawkesley Church Primary School in the Pastoral Centre which is owned by the P.C.C. The P.C.G. owns St. Nicolas Place and the Old Gr8mmar School. As Saint Nicolas Church is on consecrated ground, and both St. Nicolas Place and the Old Grammar School are very old and too difficult to value, all of these have been excluded from the accounis. The P.C.C. still owns one former clergy residence. Converted and opened as Hawkesley Community Hub in September 2012. This property was included in the accounts for th8 first lime during the year to 31sl Decembei 2006 and due to the absence of any cost information il was included al an estimate of its value. A professional valuation was not obtained. Depreciation in relation to p￿VIouS years has rK)t been in¢luded.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 INVESTMENT FIXED ASSETS 2023 Listed Investments BalanGe blf Net surplus on revaluation 43,419 4.516 B81ance clf 47,935 Anal is b fund 2023 2022 Isaacs endowment Leonard Buckley endowment 12,794 35.141 11,694 31.725 47,935 43.419 The Isaacs endowment investrnènls are wth the CBF Church of England investment fund shares. l investments are held in the U.K. to PTowde an investment relum for the church and are valued at market value. DEBTORS 2023 2022 Other debtors 136,199 67,374 CREDITORS 2023 2022 OperalTng creditors Accruals 7,417 1.440 3.798 1,440 8,857 5.238

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THEACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 MOVEMENT ON ACCUMULATED RESTRICTED FUNDS Church M8inltrn8nce Fund Total Balances bll Income Expenditure 59.117 59.117 Balances clf 59,117 59.117 The Church maintenance fund is used to maintain Sl. Nicolas Church. 10 MOVEMENT ON ACCUMULATED UNRESTRICTED FUNDS Hawkesley Immanuel Church Church General Designated Designated Unrestricted Fund Fund FurKI Totsl Balances blf IncDme Expendilure 3.395 5,885 15,1991 17.573 195.027 215,995 141 257,497 263.523 111,4261 1260,24911276,8741 Balances clf 4,081 6.288 192,275 202,644 Hawke51ey and lrnmanuel Church funds represent the activities of those churches. MOVEMENT ON ACCUMULATED ENDOWMENT FUNDS Leonard Buckley Fund J.c.c. Isaacs Fund Total Balances blf Un¥ealised surplus on Investments 31,725 3.416 11,694 1.100 43,419 4,516 BalanTrs clf 35,141 12,794 47,935

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 12 ANALY F NET ASSETS BETWEEN TH Invest- ments Fixed Asséts Cash at Bank 13eblors Creditors Total Leonard Buckley Fund J.C.C. Isaaes Fund Chvrch Maintenance Fund Immanuel Church Fund Hawkesley Church Fund Unrestricted Fund Inter fund it8rlls 35.141 12,794 35.141 12.794 59,117 59.117 6,288 6.288 3,010 4,081 18,8571 112,3961 192,275 1,071 78,400 135,128 47,935 78,400 136.199 8,857 56.019 309,696

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE AccouKfs FOR THE YEAR TO 31ST DECEMBER 2023 13 INCOME AND EXPENDITURE ACCOUNT 2023 2022 Incomin Other grants Planntsd giving Income tax recovered Collections al services Gift days and donations Bookslal Income from buildings Fees for special seNices Fund raising Insurance claims Dividends and interest 6,672 53,887 13,398 348 37,569 5.061 79,114 86,776 50 22.000 1,869 306,744 53,822 12,417 367 24,119 4,158 86,537 66,410 1.788 2,905 252,523 Gain on inv9Stments 4.516 257,039 306,744 Resources Ex ended Overseas mi55ion grants UK missions & church grants Magazine, books & fair trade Fees disbursements Contribution to SN Place CIC Common fund Clergy expenses Church running expenses Salary, training & support costs Administration Building repairs Repairs and developrTtent Depreciation 1,248 4,782 5,733 22.602 886 2,555 5,423 5,390 33,350 15,900 2.265 58,558 71,574 19,490 58,432 17,405 625 12.000 2.096 60,706 76,991 18,360 34,644 26,087 625 265,874 291,853 Loss on investments 10,944 Deficiusurplus for the ye8T 18.835} 3.947

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